Texas Instruments Tops Earnings but Misses Guidance
Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Wednesday, January 23. After starting the day in negative territory, major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes closed the day with gains. The Dow Jones Industrial Average, S&P 500 and NASDAQ advanced 0.7%, 0.2% and 0.1%, respectively. Meanwhile, Procter & Gamble’s stock rose nearly 5% after the company beat quarterly earnings and sales estimates. Texas Instruments posted mixed results—topping earnings expectations but falling short on revenue and first-quarter guidance.